20200729_BSC_Vietnam Daily Review_EN_Strong corrected trend _TA_NRC_Consolidating

Stock market: The COVID-19 disease situation has worsened with the number of COVID 19 cases reaching 446. There are positive cases in major cities such as Hanoi and Ho Chi Minh. The investment cash flow weakened compared to the previous session, only 13/19 sector gained points during the session. Foreigners remained net buyers on both HSX and HNX, contributing to the limitation of the market's decline. Market liquidity was unchanged compared to the previous session, negative market breadth and declining market amplitude are showing a negative trading sentiment. BSC recommends that investors limit trading activities and invest in stocks after this correction trend when the COVID-19 epidemic has been under control.

Future contracts: All future contracts decreased following VN30. Investors might consider selling with target price around 715 points for short-term contracts.

 

Covered warrants: In the trading session on July 29, 2020, most of coverred warrants decreased following underlying securities. Trading value increased strongly. 

 

Technical analysis: NRC_Consolidating

(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

 

• VN-Index -22.52 points, closed at 790.84 points. HNX-Index -1.13 points, closed at 106.85 points.

• Pulling up the index: EIB (+0.40); APH (+0.13); HNG (+0.09); SZC (+0.05); DAT (+0.04).

• Pulling the index down: GAS (-2.34); VNM (-1.93); VHM (-1.71); SAB (-1.64); VIC (-1.63).

• The matched value of VN-Index reached VND 4,550 billion, up + 0.7% from the previous session.

• The trading band was 20.57 points, narrowing from the previous session. The market has 360 gainers, 27 reference codes and 49 losers.

• Foreign net buying: VND 303.8 billion on HOSE, including KDC (VND +114.7 billion), FUEVFVND (VND +47.0 billion) and VCB (VND +35.2 billion). Foreigners were net buyers on HNX with the value of VND +1.32 billion.